China January trade figures worse than expected

Global Business

The central bank governor’s remarks also helped trim stock market losses in Shanghai, but it still fell more than half a percent at the close.

His statements were enough to trigger a global market rally.

European stocks rose. Germany’s DAX, The UK’s footsie and the French CAC gained between 2 and 3 percent. They also got an additional boost from the European Central Bank who hinted at more stimulus.

The bullish Chinese central bank also helped push Asian markets higher. Both South Korea’s Kospi and Australia’s S&P/ASX 200 rose around one and a half percent, but it was Japan’s Nikkei 225 that outperformed all its Asian peers, skyrocketing more than 7 percent.

Sung Won Sohn spoke to CCTV America about how global stocks are performing. Sung Won Sohn is Smith Professor of Economics at California State University Channel Islands.

China January trade figures worse than expected

The central bank governor's remarks also helped trim stock market losses in Shanghai, but it still fell more than half a percent at the close. His statements were enough to trigger a global market rally. European stocks rose. Germany's DAX, The UK's footsie and the French CAC gained between 2 and 3 percent. They also got an additional boost from the European Central Bank who hinted at more stimulus. The bullish Chinese central bank also helped push Asian markets higher. Both South Korea's Kospi and Australia's S&P/ASX 200 rose around one and a half percent, but it was Japan's Nikkei 225 that outperformed all its Asian peers, skyrocketing more than 7 percent. Sung Won Sohn spoke to CCTV America about how global stocks are performing. Sung Won Sohn is Smith Professor of Economics at California State University Channel Islands.